In his latest video, Bitcoin University’s Matthew Cratts discusses if Kaspa (KAS) could be the next Bitcoin.
While Kaspa’s price has lately taken a pause following an incredible climb, Cratts provides a thorough analysis of why he feels Kaspa is the only genuine competitor to Bitcoin in the cryptocurrency space.
What you'll learn 👉
Kaspa’s Position in the Crypto Market
Cratts begins by noting Kaspa’s current ranking as the 24th cryptocurrency by market cap, positioned between Internet Computer (ICP) and Pepe.
However, he emphasizes that Kaspa is a far more serious project than these competitors. The YouTuber highlights Kaspa’s implementation of the GhostDAG protocol, which he describes as a “real innovation” in the space.
According to Cratts, Kaspa’s GhostDAG protocol claims to solve the blockchain trilemma – the challenge of achieving security, scalability, and decentralization simultaneously.
While he expresses some skepticism about the long-term decentralization of Kaspa, Cratts acknowledges the potential of GhostDAG if it lives up to its promises.
Kaspa’s Similarities to Bitcoin
Cratts points out several characteristics that set Kaspa apart from typical “shitcoins”:
- No pre-mine or initial token allocation
- Proof-of-work consensus mechanism
- Fixed maximum supply (28.7 billion KAS)
These features, he argues, align Kaspa more closely with Bitcoin’s ethos than many other cryptocurrencies.
Challenges Facing Kaspa
Despite its innovations, Cratts identifies several challenges that could hinder Kaspa’s potential to rival Bitcoin:
- The presence of a living, active founder (Yonatan Sompolinsky) who publicly comments on political issues
- A predominantly Israeli development team, which may impact global perception and adoption
- A faster issuance schedule compared to Bitcoin, with 95% of all coins to be mined by July 2026
Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +Cratts emphasizes the critical role of neutrality in creating a global currency. He argues that Bitcoin’s “immaculate conception” and Satoshi Nakamoto’s disappearance give it a significant advantage over Kaspa in this regard.
The YouTuber suggests that the active involvement of Kaspa’s founder and development team in public discourse could potentially alienate certain groups and hinder its adoption as a truly global, neutral currency.
As per Cratts, Kaspa faces a great obstacle in overcoming Bitcoin’s established status as a trillion-dollar asset with strong network effects. He draws attention to how Bitcoin has been incorporated into the global financial system through a number of goods and services, comparing this with Kaspa’s more recent arrival on the scene.
Cratts asserts that “money is war” and that strong money always triumphs over weak money in his argument against the idea of diverse types of money existing in harmony. As the most well-known and tried-and-true cryptocurrency, he believes Bitcoin will become the standard worldwide digital currency.
Read more: This Solana Meme Coin Continues to Outperform dogwifhat (WIF) and BONK
A David vs. Goliath Scenario
While acknowledging Kaspa’s innovations and potential, Cratts ultimately concludes that its late arrival and Bitcoin’s established dominance make it unlikely for Kaspa to supplant Bitcoin as the world’s leading cryptocurrency.
He advises investors who have profited from Kaspa’s recent price surge to consider taking profits and moving them into Bitcoin for long-term holding.
Despite Kaspa’s current price consolidation, Cratts’ analysis suggests that the project’s unique features and similarities to Bitcoin make it a noteworthy contender in the cryptocurrency space.
However, he maintains that Bitcoin’s first-mover advantage, neutrality, and established network effects present significant hurdles for any potential rival, including Kaspa.
Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?
Get all our future calls by joining our FREE Telegram group.
Check $RECQ Meme Coin
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
